Our preference: LONG positions above 21.3 with targets @ 22.35 & 22.75.
Alternative scenario: The downside penetration of 21.3 will call for 20.85 & 20.6.
Comment: a support base at 21.3 has formed and has allowed for a temporary stabilisation.
Monday, September 16, 2013
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
-
AUD is weak today after unchanged rates decisions from the RBA members; 3.00%. However, there are speculations for further easing and poss... -
Pivot: 0.79. Our preference: LONG positions above 0.794 with 0.7975 & 0.7985 in sight. Alternative scenario: The downside penetration...
-
Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...